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Alias Born | 06/01/2020 |
Thursday, August 13, 2020 8:46:58 PM
- I think $4 closing bid price requirement (Equity Standard)
- Mr. Jay believes $3 closing bid price requirement (Equity Standard with closing price alternative)
Our differences originate from:
1) A lack of knowledge on what information NASDAQ is considering in their review for uplisting.
2) A lack of knowledge on what standard HGEN has submitted their NASDAQ application under.
Further, neither of us can narrow in on timing because we don't know for certain whether the closing price refers to:
A) The day the NASDAQ analysts conducts the review
or
B) The day before HGEN is scheduled to be listed on the NASDAQ
Page 10: https://listingcenter.nasdaq.com/assets/initialguide.pdf
(Though keep in mind there are a multitude of other factors listed throughout the document that we, again, don't really know about)
I'm very content with my investment in HGEN, so i'm not worried enough to commit time into researching this stuff further... If someone is still puckered up about our uplisting i'll yield the research to them... I feel confident about uplisting soon so I'm committing my energy to other things over the next few days- No use spending hours and hours scouring the internet for something that ultimately won't sway my decision.
In the meantime, I'm putting the dumb in "dumb money" by sitting back in my chair... fat, dumb, and happy.
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